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So according to data from PropTrack, some of the fastest-growing housing markets are actually the more affordable regions, not the big capital cities, as Anthony has just alluded to.
Buyers chasing value and long-term growth are moving into areas where homes are still within reach, and that surge in demand combined with limited supply indicates
has pushed prices higher in places like Ipswich and Ballarat, which is where we take you right now to catch up with Dominique Morrison and Lachlan Sylvia from Ballarat Real Estate.
And good morning to you fellas.
You would have been into a bit of Johnny Farnham when you guys were younger, right?
Oh gee, Johnny Farnham wouldn't be happy about that.
What about you Lachlan?
Do you know who Johnny Farnham is?
Maybe I should ask it like that.
We're all feeling a little older this morning.
Now, let's get into the regional city of Ballarat, which has become one of Victoria's most watched property markets.
Located, of course, 110km from Melbourne, it's attracting buyers looking for more affordable homes while still staying within commuting distance.
Let me come to you, Dominic, because this is a real problem, isn't it?
Because we've got fuel prices that are going off.
You can catch the train for those daily commuters that have bought in Ballarat working in Melbourne.
This problem that Donald Trump has kicked off in Iran, it's a big problem.
The fuel prices, they're not going to go backwards anytime soon.
And even if he decided to stop everything, they're now saying we could be in for months worth of problems with the chain in the fuel supply.
That might disrupt you, Lachlan, somewhat because you are big foodies and you like traveling off
to Melbourne for the weekend.